B-Lovefoundation
- Assets
- $12.7k
- Revenue
- $24.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake Beach, MD
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-3682362
Organization Overview
B-Lovefoundation is located in Chesapeake Beach, MD. The organization was established in 2019. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B-Lovefoundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, B-Lovefoundation generated $24.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $16.2k during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS AND RELATED SUPPORT TO UNDERPRIVILEDGED YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Schmidt Director | 5 | $0 | |
Thomas Schmidt Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,575 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,687 |
| Total operating and administrative expenses | $14,730 |
| Contributions, gifts, grants paid | $1,500 |
| Total expenses and disbursements | $16,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,667 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,667 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, B-Lovefoundation has awarded $3,310 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCE FREDERICK EAGLES YOUTH PURPOSE: YOUTH SPORTS REGISTRATION FEES FOR ECONOMICALLY DISADVANTAGED YOUTHS | $1,200 |
Chesapeake Beach, MD PURPOSE: YOUTH SPORTS REGISTRATION FEES FOR ECONOMICALLY DISADVANTAGED YOUTHS | $1,085 |
LILLY GOLDSMITH TRUST PURPOSE: GO FUND ME DONATION FOR DAUGHTER OF MELISSA RAWLINGS TRUST FUND AFTER MELISSA'S DEATH TO HELP WITH EXPENSES WHEN SHE GROWS UP | $500 |
Prince Frederick, MD PURPOSE: SPONSORSHIP FOR SWIM MEET | $300 |
Huntingtown, MD PURPOSE: HELP WITH TEAM TRAVEL EXPENSES FOR FINANCIALLY DISADVANTAGED YOUTH MEMBERS | $125 |
CALVERT BULLDOG PURPOSE: HELP WITH TEAM TRAVEL EXPENSES FOR FINANCIALLY DISADVANTAGED YOUTH MEMBERS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roy A Hunt Foundation Pittsburgh, PA | $0 | $8,030,266 |
Baltimore Sports Tourism Development Council Inc Baltimore, MD | $1,882,664 | $3,644,109 |
Pennsylvania National Horse Show Foundation Harrisburg, PA | $536,390 | $3,371,373 |
Swanee Hunt Family Foundation Washington, DC | $7,124,229 | $690,524 |
Gramma Fisher Foundation Easton, MD | $26,054,543 | $4,343,834 |
Reamstown Athletic Association Reamstown, PA | $734,775 | $1,303,779 |
Camp Foundation Franklin, VA | $18,333,166 | $1,889,654 |
Paul D Camp Community College Foundation Franklin, VA | $2,592,283 | $1,339,623 |
Rva Sports Foundation Inc Richmond, VA | $1,516,415 | $456,889 |
T2 Foundation Scranton, PA | $11,277 | $363,546 |
Mfha Foundation Middleburg, VA | $4,849,648 | $245,852 |
Woodrow Wilson High School Crew Booster Club Inc Washington, DC | $358,204 | $288,751 |